De Facto Property Settlement
A De facto Property settlement (also known as a De facto Financial settlement) refers to an agreement made to divide assets, liabilities and other financial resources between parties in a former De facto relationship.
Simple Separation guides you and your De facto partner to financially settle as quickly and peacefully as possible at a fixed price. Simple Separation offers three financial settlement solutions. The right solution depends on your individual requirements and we recommend starting with a free consultation.
Is Simple Separation right for me?
Separation Ready
This service is for de facto couples who have reached a private agreement and now wish to make it legal. Simple Separation guides you through the process of making your agreement legal, in a cost-effective and time-efficient way.
Click here to find our ‘How to make your Property Settlement legally binding.’
How does our ‘Separation Ready’ service help make your de facto separation legal?
01
Prepare
The first step is to assist both parties with a Balance Sheet incorporating all assets and liabilities.
02
Draft
Draft a Heads of Agreement based on your mutually agreed private agreement. Prepare your matter for legal drafting.
03
Legalise
We will refer your matter for third party legal drafting and settlement.
Separation Assist
Simple Separation guides and mediates De facto couples through the financial separation process, helping you to reach a ‘fair and equitable’ property settlement with the assistance of a Family Dispute Resolution Practitioner and independent third party legal practitioners.
For further information, you can also read our blog on ‘How to achieve an amicable property settlement'.’
How does our ‘Separation Assist’ guided mediation service work for de facto relationships?
01
Prepare
We create a working balance sheet on our client property portal and prepare you for legal advice.
02
Model
We work with each party separately on different proposals that meet your goals. Independent legal advice is provided to both parties.
03
Mediate
We help de factco parties identify what’s in agreement and what’s in dispute between and facilitate a respectful mediator-facilitated negotiation.
04
Legalise
We will refer your matter for third party legal drafting and settlement.
Separation Impending
The Simple Separation team will guide and prepare you for a financial settlement by empowering you with information and independent legal advice to help you make the right decisions and help you separate respectfully.
How does our ‘Separation Impending’ service prepare for settlement?
01
Prepare
We create a working balance sheet on our client property portal and prepare you for legal advice.
02
Model
We work with you on different proposals helping you achieve your desired settlement goals.
03
Propose
You can directly negotiate with the other party or invite your former De facto partner to our mediation process.
04
Legalise
We will refer your matter for third party legal drafting and settlement.
Is Simple Separation right for me?
Book a FREE 30 minute consultation with us today!
FAQ’s
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Under the Family Law Act, a party to a de facto relationship can apply for a property settlement within two years of the relationship ending. Outside this period, the application can only be made with court permission.
There are conditions that must be met for a de facto party who wishes to apply for property settlement
At least one of the following conditions must be met:
the de facto relationship must have lasted a minimum of two years
a child exists because of the de facto relationship (must be a child to both parties)
substantial contributions were made to the assets or the welfare of the family by the Applicant and failing to make an order would result in a serious injustice to the applicant
the relationship is registered
If at least one of these conditions is met, the Family Law Act provisions can apply, however we recommend legal advice with one of our preferred panel of independent legal practitioners as every situation is different and the amount of your entitlement, if any, can vary on a case by case basis.
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A De facto property agreement is a document that sets out how you and your former partner will divide up your property.
What are the advantages of negotiating a De facto property settlement?
It minimises the cost of lawyers and avoids an adversarial court process.
It allows you to be part of the process rather than having a decision imposed on you by court.
It can provide a speedy resolution
There is likely to be less emotional toll or impact on children.
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• Fair Division of Assets
• Peace of Mind
• Financial independence from the other party
• Legally binding and enforceable
• Protection from future claims
• Superannuation can be divided
• Stamp Duty and Capital Gains tax relief
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Yes! With Simple Separation, you can choose to pay for our affordable service outright, or choose to pay it off in smaller payments (up to 12 months - with no intrest of application or fees).
Why Choose Simple Separation?
01
Cost-effective and quicker pathway to separate. Our fixed pricing saves couples thousands in legal fees. (4 - 8 week average timeframe).
02
A guided & personalised service from start to finish, so you can separate with less stress and feel supported along the way.
03
A fair process that assists couples reach agreements respectfully with minimal conflict, in turn preserving the wellbeing of you and your family.
04
Accessible Australia-wide in country, rural and metro areas.
05
One-stop shop service offering a range of services from our preferred panel, of third party providers, eg Conveyancers, Estate planners, Family Law mediators and lawyers.
06
All legal advice and agreements provided by independent Family Law solicitors committed to preventing a lengthy legal battle.